This research exploits the experimental laboratory offered by REITs by investigating how REIT corporate governance affects performance. We follow Gompers, Ishii and Metrick (2003) and use a corporate governance index to measure the overall impact of corporate governance on various measures of...

The literature regarding mergers and acquisitions suggests various motives for delisting: improving managerial efficiency, undervalued shares, size effect, agency costs, and, most importantly, taking on extra debt to reduce cost of capital and decrease agency problems. These arguments could also...